The market was looking a rise to 75.0 in the University of Michigan consumer sentiment index.
The month-to-month correlation between these data and consumer spending is nil, so don’t sweat it…
US bond yields have been soft all day and are dipping further on the news, a particular weight for rate-sensitive pairs like USD/JPY. 2-yr notes are at 0.99%, while 10-yr notes are at 3.81%.